ABN AMRO is beefing up its global credit derivatives team in New York as part of an intensified effort to increase its presence in fixed income credit products, according to Pat Fay, head of North American fixed income in New York. "We've been adding to the staff pretty aggressively over the last three months," Fay said.
The firm has between 10-20 professionals in its credit derivatives group in Manhattan. Fay said it is looking to bring in additional traders, structurers and marketers for the team and will hire opportunistically but declined to specify how many new professionals it is seeking to bring on board. Officials who have interviewed with the firm said it is looking to add at least eight-10 professionals in total.
